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HuaweiDUBAI - Government and Private Sectors in the East African States of Uganda and Tanzania will now have a direct channel to the Middle East and the emerging markets, following an alliance between Tejari, the leading online B2B marketplace for emerging markets and Oman based Excellent Systems.
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JEDDAH - The Saudi Hollandi Bank’s (SHB) SR775 million issue closed successfully on Monday. It is the first tranche of a SR1.5 billion Tier-II Sukuk issuance recently approved by the bank’s shareholders. Saudi Hollandi Capital acted as sole lead manager & book runner for this transaction.
DUBAI - UAE shares ended the year mixed on Wednesday as investors weighed companies’ growth prospects in 2009 amid a faltering global economy.
DUBAI - Sungwon OBO, a member of Makateb Holding, the Office Building Operator company, has announced that it continues to generate strong business leads as the facilities management (FM) industry in the UAE remains upbeat with a projected value exceeding $10 billion by 2012 despite the current global financial crisis.
KUWAIT - Kuwaiti shares declined for a fifth day on concern some financial companies may default on debt, pushing the index to its worst yearly performance since 1998.
DOHA - Qatar’s economy expanded 62.8 per cent at current prices in the third quarter to 108.39 billion riyals ($29.74 billion) on high energy prices, Qatar Statistics Authority data showed on Wednesday.
ABU DHABI - The Assistant Secretary General at the Gulf Cooperation Council (GCC) Secretariat Mohammed Al Mazroui has said that he was optimistic on the formation of the GCC Monetary Union by 2010
DUBAI - Emaar Properties will explore new opportunities to keep growth steady in 2009, said its Chairman Mohammed Alabbar.
DUBAI - Nasdaq Dubai rebranded from its former name of Dubai International Financial Excahnge (DIFX), the exchange that carried out the largest IPO in the Middle East when it listed shares of DP World.
DUBAI - Airbus on Tuesday reached its target of delivering 12 A380 aircraft in 2008, bringing the total number of A380s delivered to date to 13.